Mortgage Lenders

Reduce Risk in Portfolio Valuation

Today with record numbers of loans in default, many more on the brink of falling into default and home prices suffering their steepest decline in decades, lenders and investors need protection. Unfortunately protection can only be had once proper valuations of entire portfolios are completed. Thus lenders and MBS owners are faced with the immediate need to reappraise their mortgage portfolios quickly, efficiently and accurately.

Rapid Bulk Imaging

Visre imaging technologies support rapid property valuation by providing Internet accessible accurate parcel imagery. Furthermore, Visre is capable of gathering this imagery quickly. For high volume requirements, Visre 360° DriveBy Cameras driving residential subdivisions can record imagery of up to 4,000 parcels each day. Visre captures dozens of high resolution images of each parcel virtually guaranteeing appropriate imagery is available.

Fraud Resistant Imagery

Visre vehicles record GPS latitude, longitude, date and time every second as the move. Using this data Visre is able to associate every image captured from every camera with a positon, direction and time of capture. Combining this with county parcel data allows Visre to programmatically associate every image with a parcel and address. By removing the human from the equation, Visre removes a significant error prone step from the process. And by providing auditable and authenticated imagery with checksum technology, Visre TrueShot Imagery reduce fraud risk overall.

New Valuation Products

Working with appraisal technology partners, Visre is laying the foundation for the release of next generation products offering more choice and greater review capabilities to mortgage lenders. These new technologies include:

· Video DriveBy Appraisals - Virtual DriveBys via Visre street level video
· Appraiser Assisted Photo AVMs - Accessing photos & video to certify AVMs
· Video Reviews - Video DriveBy integration for a more thorough Desk review
· Appraiser Price Opinons - Appraiser certified, imagery & video, BPO pricing

Lender Benefits

Visre imaging, processing and national image library offer significant benefits to lenders:
· Single source for instant retrieval of property and comp photos
· Ability to drive and image entire portfolios quickly
· Rapid turnaround on imagery with Current Subject Imagery requests
· Precision geo-coding of parcel and address data correlating to image
· Automated validation of parcel imagery reduces appraisal risk
· Ease of integration to legacy platforms and existing systems
· Standardized processes increase efficiency in reporting and QA
· Automated imaging reduces reliance on manual photography and human errors
· Dramatic reductions in cost